CMA Grants Approval of Firms in Various License Categories
Nairobi, 26 November 2024 – In an effort to deepen and promote development of the capital markets, the Capital Markets Authority (CMA) has granted approval to several firms across various license categories.
AKN Investments Limited has been granted approval as an Authorized Securities Dealer license from its prior Investment Advisor license, enabling it to expand its services to institutional investors.
Moran Capital Management Limited has been licensed as an Investment Adviser to focus on private equity, stock trading, and unit trusts, among other areas.
Entrust Advisory Limited was granted an Investment Adviser License, specializing in equities trading, fixed income, and business expansion advisory.
Future Construkt Investment Managers Limited has been approved as a REIT Manager to leverage its expertise in real estate advisory and development.
Givva Wealthtech Limited was licensed as an Intermediary Service Platform Provider, with a mission to foster financial inclusion through secure technological platforms offering licensed investment products.
CPF Financial Services, through its subsidiary CPF Capital and Advisory Limited has been licensed both as a REIT Manager and Investment Adviser. The REIT Manager license will enhance CPF’s presence in the real estate sector, building on its portfolio restructuring and feasibility services. As an Investment Adviser, CPF will guide clients in managing risks and achieving growth through innovative financial solutions.
Octagon Pension Services Limited has been granted approval to operate as Octagon Unit Trust Scheme, which comprises five sub-funds; Octagon Money Market Fund; Octagon Balanced Fund; Octagon Fixed Income Fund; Octagon Equity Fund; and Octagon USD Dollar Money Market Fund.
Trademax Global Markets (KE) Pty Ltd has been granted a non-dealing online foreign exchange broker license. The firm is part of the TMGM Group, which also has operations through regulated businesses in Australia, New Zealand, and Mauritius.
The Authority granted a Money Manager License to Store Poa Enterprise Limited, who are seeking to leverage their expertise in technology to provide comprehensive online trading solutions for individuals and businesses.
The CMA Chief Executive Officer, Mr. Wyckliffe Shamiah, observed, “These licenses are key to aligning the capital markets with the national Government agenda of enhancing the savings to GDP ratio by offering Kenyans a broader range of investment opportunities in the capital markets.”
ENDS
BACKGROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY
The Capital Markets Authority (CMA) was set up in 1989 as a statutory agency under the Capital Markets Act Cap 485A. It is charged with the prime responsibility of both regulating and developing an orderly, fair, and efficient capital markets in Kenya with the view to promoting market integrity and investor confidence. CMA also regulates the commodity markets and online forex trading. The regulatory functions of the Authority as provided by the Act and the regulations include; Licensing and supervising all the capital market intermediaries; Ensuring compliance with the legal and regulatory framework by all market participants; Regulating public offers of securities, such as equities and bonds & the issuance of other capital market products such as collective investment schemes; Promoting market development through research on new products and services; Reviewing the legal framework to respond to market dynamics; Promoting investor education and public awareness; and Protecting investors’ interest. For more information, please contact: Antony Mwangi, Manager Corporate Affairs & International Relations on amwangi@cma.or.ke
